IRAs

A silver IRA is a form of retirement account that allows you to invest in silver coins and bars that are eligible. The rules are the same as any other IRA, with the exception that you can invest in silver and other precious metals, whereas normal IRAs are limited to stocks and other paper assets. […]

The “basis” of an inherited IRA is the amount on which the decedent paid taxes. Is there a step-up in basis for an inherited IRA? “What do I do with the IRA in the estate?” an executor will question us several times a year. The IRA is often one of the estate’s most valuable assets,

Education IRA funds are intended to be used to cover future educational expenses such as tuition, books, and uniforms at the elementary, secondary, and post-secondary levels. When monies in an education IRA are needed for educational reasons, they can be withdrawn tax-free. “Coverdell accounts” or simply a “ESA” are other names for education IRAs. Despite

An IRA CD is basically a retirement account in which all of the funds are invested in certificates of deposit (CDs). Let’s look at the two types of bank accounts that an IRA CD combines: an IRA and a CD, to see what that entails. A CD is a savings or checking account that pays

Pacific Premier Trust is an IRA custodian, which is a highly regulated bank, credit union, or non-depository bank that is allowed to hold assets in an IRA. Custodians are overseen by both the state and federal governments, and there are strict policies, processes, and internal controls in place. What is the role of an IRA

You may be able to deduct the amount you contributed to your IRA on your individual federal income tax return. See IRA Contribution Limits for further information. What is an IRA deduction on 1040? The IRA deduction is classified as an above-the-line deduction by the IRS, which means you can take it whether you itemize

A qualified charitable distribution is an otherwise taxable distribution from an IRA (other than a continuing SEP or SIMPLE IRA) that is paid directly from the IRA to a qualified charity by an individual who is age 701/2 or over. For more information, see Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). What is a

Individual retirement accounts (IRAs) are tax-advantaged savings accounts that people can utilize to save and invest for the long term. An IRA, like a 401(k) plan that a person receives as a perk from their employer, is intended to encourage people to save for retirement. Anyone with a source of income can open an IRA

Individual retirement accounts (IRAs) are tax-advantaged savings accounts that people can utilize to save and invest for the long term. An IRA, like a 401(k) plan that a person receives as a perk from their employer, is intended to encourage people to save for retirement. Anyone with a source of income can open an IRA

A retirement money market account is a money market account held within a retirement account such as an IRA by an individual. Deposits are held in low-risk products such as certificates of deposit (CDs), Treasury bills, and short-term commercial paper in a retirement money market account. The account pays a somewhat larger return than a